Free Trial

CNY Fixing - Still Close To Neutral

CNH

The USD/CNY fixing printed at 6.8987, versus a Bloomberg consensus of 6.8978.

  • Today's outcome represents a +9pip surprise in USD/CNY terms. So, we remain close to neutral from this standpoint, while the 5-day rolling sum of the error term is -8pips, down from -32pips yesterday.
  • USD/CNH has remained relatively steady, currently around 6.8950.
  • As expected the 1yr and 5yr LPRs were left unchanged.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.